Laserfiche WebLink
<br />I <br /> <br />83-004270 <br /> <br />UNlFORM CoVENANTS. Borrower and Lender covenant and agree as follows: <br />1. hymen, of Prlnclpaland Intere5l. Borrower shall promptly pay when due the principal of and interesl on the <br />indebtedness evidenced by the Note, prepayment and I'lle charges as provided in the Note, and the principal of and interest <br />OIl any Futllre Advances secure<:l by this Mortgage, <br />Z. Fumts for Taus and I_ran<<. Subject to applicahle low or to a written waiver by Lender. Borrower shall pay <br />to Lender on the day monthly instatfment.. of principal and interest are payahle under the Note. until the Note is paid in full. <br />a sum (herein "Funds""} equal to one-twelfth of ihe yearly ta'(C:>i and a;;;:sessment... \\;hich may attain priority over this <br />Mortgage, and ground rentE. on the Pn1peny. jf ~my. plus on{"'-lwelfth of ~'early premium instaUments fnr hazard insurance. <br />rim olll,Hwelfth of yearly premium Installments ttlf mortgage ,"""ance, It any. all as reasonably estimated initially and from <br />time- to time by Lender on the na-srs of assessmcnls and hlib. and rcas(mabtc cst1mate:'ii thereof <br />The Funds ScbaU be held in an institution lhl' depO${h (If :iC('ounts or' whkh are insured or guaranteed by a Federal or <br />state agency ~ incfuding Lender if Lender l!. such an ins{jn.Hi('If!) t coder ~h.:lH apply the Funds to pay said taxes. assessments, <br />Insurance premiums and ground rCnts. Lc--ode-r may OL.r charge tnI' "-0 h":l!ding and appJying the Funds. analyzing said account. <br />or vt',rifying and compHing said 3:~ses.~menls and hills. unless i.cnder pave;, B\.rrowt:f Interest on the Funds and applicable law <br />perm-its under to mak.e su(:'h a charge. Ron(\w-er and Lender may ~lg-n..e m writing at the time of execution of this <br />Mortgage that interest nn the Fun-d-s ~h;}H he paid l\') fk"Jrrowe-r. .md uole:,... s.u~h agreement: is made or applicable law <br />requi-res such inte-rcst rn be p-aid. Lender .;,nail nD' he n:-qwre-d h~ r~l:\ H\)rrnwe-f ;wv mtc-resl \.IT earnings on the Funds, Lender <br />sh..di gJ\"e to Borrower. wtthmu chllr-ge. ,!H annual at.:-cnuntHlf!: <.t the Fun-d.'> ..howlIlg (fcdlf5 and debits to the Funds and the <br />pt'J1"pose- f-or wh.ich each debit h'i the Funds was rnadc rhc f'und!. ,Pt' pledged .l~ ,:l.Jdition.l! security for the sums secured <br />oy rhos Mortgage, <br />If the amount of the Funds held hy lxndef. I'-.'gctht'r \,>,th ;nc tuwrc :no-nthly lihlallmcnts of Funds payable prior to <br />the due dates of- taxes, a:S~'im-cnts, lns.Ur,Jn~c pn::mlum", <lod grt'\{lnd f~nb. shali c\..:ccd the amount required to pay said tuxes, <br />as-seumenlli-, In~urance premIUms and ground 'enh ,h !h1:.:\ t .Jll Jw.:. '~H~h ~\(:c,," ..haU he. ~tf B0rrower's option, either <br />promptly repaid 10 Borrower i,,}f ~re-dl1C'd to Bnrn}v"er \10 !nOfJlhl\ ,n"t;}llm~n{" d- Funds. If the ~lmount of the Funds <br />hdd oy Lender "hail not he ~uflicJent !o pay 1;l\e-~, J.\..\C'i...,mcnt,,_ in"-ut.iih:e premillm~ ;;.nd ground rents as they fall due, <br />Borrower shaU pa) to Lcmtc; .::ny amount lIC1:e......an I,' i'~ak-t' ;IP !hc jdh:;(':h."\ \l.'ithm _'~O Javs Ir0tn lhf date notlce is mailed <br />by Lender to Borrower rCt.lucs.tlOg pa\'Hl-Cnf ihcr~('t <br />Upon pa)'ment m fuH n-t aU ~ums si~~un:d h... tl1i', \tnr I~~.!~....' 1 tndci ..,haH promptlY rdund w Borrower any Funds <br />heid hy Leader. Ii under ?aragIaph is hcn:-{l( ttlc Pr;,.'>~xT:\ '", 'A,dd the Pn,ll'crt\ 1\ other-WI;';":: a~qwrt"d hy I.ender. Lender <br />shalt ....pply, no- later than :mmediateh:- r-nor 1,1 tiw ,..de "t .he 1'["'P\.'[;" <.', :::;. ,_h:qUl'\ltlOfl by Lt.'nda. an.,.- Funds held by <br />Le-uder at the !Hn-e- ..If appilt:'a.uon ;-H. .! ~ n..~Jlt ~:g~np..r U'it' ,,-:,;rn... '>t....:t;,c,i h\ !~11" \1....ng,\.gt" <br />l_ AppticatioD of PaYDlt>Dts,. l :nie\:>i ;"rrl1;..'ahk U\l" ['i\ '. ',k, dh-n'.\I"-<.'. ,Ii! pJ:\,ment.... t\.',,:cl\ed PV II,,~ntier Hnder the <br />~ote and paragraph~ J ~ln-d .2 hcre~l-{ :.h.-d! foe ,~prlieJ h\' i end.:! !n-"~ J) p.n rncnt vI ~ifn,-~tlmS p;n.',inle to I.;;nder hv BOff{l\-H"~r <br />under pa.r:agraph :: hereof. then 10 tntCn;.'''i1 p~n-.lhk '_'H th('" ......;)1... q~l..~P :.,~ the rrlllup~d pj the l"nt(". <lnd tht'n tp tnterest and <br />pnnclp-al Of! any F!J1 ufe Ad....ancC3.. <br />4. Cbaraes; IMu. Botfo~er "h;a!l 1':::1\ ,dl !.\\t'''-. ,..._,-.:,,'mL'l;t~_.1 \\1 .;i-)n h.!ij.:t~.. flnc... ,llhl Hnplhlhon:;. ~,ltflblltable h\ <br />[he Pr.opetty which mA)' itHam ,~ pflori!~ ,"vcr !hl-' .\h1ttt;-JJo;\". "nd k~\...dj,.q;.l ;',,\'menh dr !;nmnd l\'nt\, it any~ Hl the manner <br />pn-,,,tded under par..'lg.r<lph:: hefe-'J:' ilf_ ,{ n~~t ~\_!;.d ;,1 .....""-h ;jj..illfl...'f .~\ H:.\if\'\\l:r PI""'i'!\~ pa\ment" \-\f1en due. ,J'f<.'Ct!y w the <br />pay<< tMrrof 80rrvwcr ,haH prj~)mpth iUljn..h!d !_t'fhkr .\i; ;-;,l~".~',\ ;,!I .l.Hh'Wll:.. ,hi\.' ~;fHjC[ t!HS pM,-1graph. and in the event <br />Bo,ro....'-er "'-h,aH make- pa~ment ..Ln:\-'U\ H-\J!tP\-\t,"( ,hiHi pn.m;-d\ ;;!...h (.,' 1 ~'il\kr ;c..;ctpts {.'\-!Jen..~iHg :'tl.!ch p,tyments <br />BOnO\lo-l:f ,hilU pn~m-pdy di.M..'ha!g~ CltlV hen ,..hh,h ~la\ !'[i,'fll, ."d' \ill" \L:1flJ~,t~~, ;'~tlVl,h:-d. !h..~t Rorrnwcr ...ha.1I not he <br />requfred h) oiJ~h;.t.lte .tU} ,>u...:h lien ',0 h~ng .!1> B!~rH'>-";C, 'cO,h; _,~;<;:'-;: (f: ,~ l~ -n~~ \ . tht: pd'duent ,11 the \lhh~iUlnf1 ">t,'\:lIfcd by <br />"lX.:h ben 10 a m:4nner :act,,~Cptilb-k h~ Lender.' r ."h;til H. W,!'I.-..J t.n,h ,_,>nlt'~' .~, ..:11 !H'l\ h-. ,'1 ddend ~n!jln.'t'mcnt ~)f ~Udl lien lO. <br />leI-at prO\:'<<dmi'" whf.-ch ..'pet.tlC [;_,1 pr("'\'i':nl t"'~l .:nh'f",t:'m-efH .,f ;'v ~;'r!("\!w~' ,,1 rt'te "ft~pcity ,'f ;'0\ pan lhereof. <br />S~ IIa&ard lh$#falKt. kt,-,;rh)~~t ....h:.til "-i:1:1I mr-I,',,,Tti!.'"!H'- (l; '!-c!t.'dit~f \.'It:__,cd ~.~n iht: Plt'pen}' I!l\ur~d <br />.llAlHAl k~\ hy nre-. h~zard-~ m..:h$J.rt,J ""i!!lm thr ~-L'rH~ ,''\In.-\Icd ,'"'-'.-;.Ip. "0\0,,0 ~'!hef !l,.jlan.i.. .n Lender !11ay rcqwre <br />.inti ,n :'l>u.;n .1mt...'unb ..inJ h'l '>u..:r. i"lt;~Hn~...h ,;'i. ! ,-'H1.JCl l,q\ 't'q,;;t;, j';' 'jJe.' !t);!! 1.~-:~~h.J "h....U th.'l fC'4UIft..' Ih',H the ,HlhHIIH pt <br />"{~h u~"'ef.agt c,-\..'e-c-d In.it J:rH-UUHt d i..\"-';;.-tg:l,.: iU.Fld~~J h' r;;i\ ,"~\., ~;.'Pi"" \~-,--Li'l:d t',\ ~hl" ~~t;,H'!~a.gi.:' <br />The Hl'iut6tkC i,;afttt:r pf~Y'iI-dm~ the \tl",~j{.Jih..t' "h.w be, b'",-o:'p t" H,;rrl.l~"'n ..\;hlt'\.~l ~'"1 dppr\.n'<tl b'" 1 t:lldcL ph'h'lded. <br />th.u 5.u~n .appr\'!\'ai ...ba.U nvt ht, "iHC_.i/It~:,f;o.lhh' \-\Hhht'1J \J; .'II.-'H1H\11\'" ,'il !n~w.t'h.-t: ~l\.\jl,'-:\'~ "hall he p;uJ 111 the mannet <br />provuieoJ Hooer pa.fagraph 2 hef'C\>> Of, d n,-Ji p-~ld 10 ~'h.t\ il1dHih..', I.,.. i1~\il,I""C-t lH.I1iiHg pa~m~nt. 'Aht'll Juc. dlft.'t:tly to t~~;! <br />.IbU(iUh:-t ~alner, <br />AU Ulisur,afj-l':C ro1'1:ie~ ant! fNlt:-~);j,h, Iht"It'l.~1 ...hJ.L h~' i,.rill ,'...~...rur'h: \,! i ('lhld ~;nd 'lb.tH !:h,huJl' ,I '-.I.lw..l,-lrd mnrlgi:lgc <br />i..:1aU50e m ;"-hH \,11 and 1" hlifU .h.:..cpf"bk ~'-' J tm]{;'! i 1,::,-\.1\-"; -tU:i t';",,: lh~; j!~hl 1" h\.IJ lJW ~h,lh:I(~:<I- dnd fl'llt'\\dh {helC~lf, <br />i,u.ld 8orr\.\'o\cr ..,h-aH pi't.'mptty [Ufnl~ fl.' t emkl .ill f1..'H\,-"\-',<il fhll,d,'\ .Jod ;\H f.;-\:Cl/ih l\{ p,uJ rrCmwl1h In the t:'\'t~llt ot 10..;;" <br />RofHh\C:l ~haH gnc p:iVnlp-t 'h}i.",T h, {hI.' ;IL~i~lc.H,( ....'fflf..'l ,,]H.11 cnl.k\ I t:Pth.-i liJ.i', j'ukl,~ pl~h>i t't h.\)~ Ii Ihl[ lll.ii.tk pH:\Ill}ltl) <br />by iklrr,,,,,'et <br />Unless Lendt'! ,jn-J 8onl.-\'At.:'{ t.~~hC!""'I"'\': .:It;f\.\.' 1'1 .l..l,Ln~, ~;'\"U!,1ih\~ ~'i"u',,'\.h '}h.,iJ I\{;" .tpp}u;-d :,1 ft.:"'lOf,lliOll \\!- tcpalf 01 <br />t.n.t Propetl)' dam.gcJ, phYnJetl ~u~h it...).t..'r4t;~'n ,'[ \I..'p.~d .. I..-....';\.,ull"'.uh ~....;I.",Jhk ,l!H.i 111t' ;"l;\,Ufft\ ;,It thl'" !\-1ortgagc 1"1- <br />t\'\,"lt rhcrc-b} UUpdHW. It ~u~h {(-~h.tf*l/,,}{} ;'lr ,"Cp~IH b l.'d-'ii,liHh.,l,h :~..i"lhh: tii ;t the- ,><c\..urH, tif ,hi" ~'1ongagc ,^,-luld <br />be .ImpAired, the In:suf~1,' p-ft.-,~-J:-. ...h.itli ~ .1pp.llcd 1>) the )unb_ ~":ujcu by ~hl-' \!ung.tge. ......>111 ih~ e\.~e'\-~, If any, paul <br />t() .8on(~'Cf. It the Propen! I'" .!banJ...lucd t'\ lh"'fhn"d ,'~ tiiltfl.;-'~~cf ~,fii~, ;" ;~~p';.lnJ 1\' I ~'fl-Jc-: wlth!fl 30 tia);,. flmll the <br />dale ootl~e i~ maded b} Lcndet l-t' B{.\rr~_~~'el lh-J! ~he- mSUi,lt1-,.-c ~d[fj-t..'l *'der~ !,-~ .,dtk ~ ..L~Hn 1._'1' !lhi,Ham:.;: bellchlS. Lender <br />ti ...utiwttzed lO ((d~-t ~Uld aPi--1-fY the m')ur.H;";~: phX.~'CJ~ .;1 Lt'n.J::r '- n~~\)n ~llhcr hI re!J:ol",lf.~ill~n d rcpaa tll lhl~ Propcn)- <br />'-)( to- the .\--WtLb !;.'Ccurcd b~ tins :\tongage <br />Vnk.~ Lendel and &~h.)..\::r \~lher\l"l~ ,f~h.'1: .1~ 'Al,fOHJ::.. ~\n" ~U-\..f' dppll":~llhYl d f'h;\',-,ci...h- h.l flilh,"'pal ~hall not (\Icnd <br />or ~,pon-e the due date I."tf dl<C m..)'iHhh Fhla;imt:n:.:- ;-:tclf'Cu L' i~iH~<qu,jph.. Ifh.i: h~l-\,:\d !Jj l,,~hdngo.; lhe am...u:l\ ,If <br />-lolA:tl Hl:s.1aihuenb. H Ulmer paragtdph ;"" hcreur the P;\}pt",H\ l" "-1;';4~Hn:d f)\ LenJ~L ,dl n~t, !:~k anJ HHe-r(:)~ u! HnrrOv.t:i <br />in and to ~llY i.!>>W'.\l.lli.:'e pl}hCfe~ a,nd m ..wd h? the pi:,--.~\..t'...b- (he-rc'ut rt.;~UlllU& trvlll .L!r!lilgl.' tn :-he Prup<Tt\ p'rl;H tu {h...~ \....111;' <br />or a(:"iUl$.ioon !'<liaH ~ t(; l..endet t(; the (''>"kn>. ,A the \unl~ 'A.>.:ur\.iJ b\. 1twJ ~~1nng.>J.g.~ ;rnmedi.lh.'iy pfh..lr lP >,ul.:-n :'\..11.: (H <br />""qlliaition. <br />.. ~Jtdoa aad '-taiate-altDt:e of r-...~lt,~ 1.t'.i&:'Wbahh; ( undot:UjnlulU~; Phuuu:d l'nit D~\dopltJents.. Hf)fro.....'.:r <br />-Will_eep ttk:- Property in gi.lVd r..:-p.,ur ~nJ ..hail fliJ{ (;)mnlH h'<t'lI..: ~'l P-(:fUlil tmp.lifH1c.111 .)f Jt:h~fI(H'ath.HJ \d the f)r\)pcrI) <br />.uW. ~l '{:'ompiy wit.h the pfo'H~0niO ol i!.n)' jt:~ i; !.hj'o, _\'-h.H1g~g~ i\ vn "i !'I.',:l'idHlhj l! thl'" \toHg.<.tg~ \,. dn .t i!ldt 111 ,j <br />(~ju.m or .;t yianned umt \.1e,,~h)pm~nc BOffOWC'1' .."han p'--'fh;rm .-ill ._~j BOCfil\\'Cf i dlhg.i:tl)n~ wi.~h..'l the ded~trallUll <br />or i;QvelMUiU I.:a-eatl-Ol at gi,'li'CHHn,g {he ,-~~ndHnW1i.Unl ,--~1 pi.-.l:nn\.'u 'iHlt J':H:h\pmi:nt, the b~ -i~iW~ .I!hi rq.:i,Llihll\' 01 lilt.' <br />l!,~run.i~.un (If pkuux:d unit dc-vf;fopUlCHl, ;m(i u.'!n~tH<.H.'nt ~h-l'\._umnlt, II ~1 -.._Ulh.llllnlntum ....If pi.HHH:J '-inn ,-!c'\'~'l,'pn\elll <br />tidtt ". t,\~ by BornJ\'fc-t .:Iud rf:~'ttrdcQ h'li-_ethe:' '.o\ltn ~h!,,_ ~hl-ngiig~. It'h.: ","n;:n,'Wb ,Hill ~1grJ.:~n'h.'nb ,\! \,lI..h thk. <br />mal. be: HlCOl-POfa.ted ~niU a..o-d maH ~u-ncnd ,11H: '>-uppkmr::w till; ;,.("H:n,inls. .H1.d ,t~p~\'rnl..:n{s- ~,'i th,\" \htrtgJ-.lS~ .1" if lhl~ ,h_h:I <br />""'" a plitt hct~. <br />7., ~_ of fA....... ~"rit).. H HUf{(JWl;! f;uh f\. ~rham the ....'-~...r;ndnb ~md L\g!~.:_m.;;t!t)<i ,:c'mJ;H\~J l!1 th,,, <br />W.Of~~ \Jr tl $.B}' ~1ioo Of p~;!iA-~~n.g ~:~';Ju-mcru.:.-CtJ \-dlh;Jl_ nhlfcn~n~ <.dl,?i.,,:h Len-Jf'f'~ inh:n......l in !ht' Pr{j.p-t-:-rt~, <br />~i~ -M uot hff<<'ted. hh ~m1_ncnl du-miiHL /~-h{}h'e.n.....). ...gdt.~ ~~ntf"ri,.:t~'rni?ot, ~_H <Hr~;i}g~rnenh ,11 pfd~c..::\im!1-~ ,n\'~A\'lng .. <br />-baQkf~ r{)t ~e4cn,t~ th-e,n I-tlrw-cf M Lt:'nd-c;.f~ ~"i'hon" H}XHt I1dCh.e Id Ur"uYI1,\cf. mil" 1no1-"..C ';<I}\._h ,:tNx;-..afMK-t;-;._ d!l.but'1.>!,; ~th.,h <br />~ :&Jld ui.", $~h Ktkm- ;;.0. ~~ t~;;.'e-baI) tp protco;;-i Lf:-n-dcJ-~ inh::fl:~C h,1l 11<\1 t-iHHH.'d In, dn!-h;;M'I~nH.'n~ 111 <br />f.~ a-UUrtt$ft f_~ 1Ind. (--ntry i.~P'i-'H1 t~, PfOf~riy tif tr!3k{~ :U"'W.;1fh':-t' <.'-. ~;l <br />~~ Qif ~ tlw ~t_n W'i;:-U.rC,-j b).- flu.#. M'l:}-n.gAil(;~ a'\-)nl:'u.'-~; p?t} lh..... r,n:nHWnti h. ;n4_1111.pn ~!h.,h <br />j~,~~ ;....~ dY~{ *$tftd _~l,;:,di tdUf: ;.h {~~t ~quif1~nent tOt' \-~h vi1'!'U{ii\v-t.:r- t~:rmUhih~... d; ,J.,..,.i.H-da1H.:t.' \Hlh l'h~-fru\~t:r\ ,,;od <br />